Intrepid Financial Planning Group LLC Sells 148,131 Shares of Invesco Preferred ETF $PGX

Intrepid Financial Planning Group LLC reduced its position in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 17.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 692,093 shares of the company’s stock after selling 148,131 shares during the period. Invesco Preferred ETF comprises about 3.1% of Intrepid Financial Planning Group LLC’s holdings, making the stock its 6th largest holding. Intrepid Financial Planning Group LLC owned about 0.20% of Invesco Preferred ETF worth $8,028,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC grew its holdings in shares of Invesco Preferred ETF by 110.0% in the third quarter. SG Americas Securities LLC now owns 382,831 shares of the company’s stock valued at $4,441,000 after purchasing an additional 200,531 shares in the last quarter. Cary Street Partners Financial LLC increased its stake in Invesco Preferred ETF by 5.6% during the 3rd quarter. Cary Street Partners Financial LLC now owns 1,092,414 shares of the company’s stock worth $12,672,000 after buying an additional 58,203 shares during the period. Checchi Capital Advisers LLC lifted its holdings in Invesco Preferred ETF by 6.4% during the 3rd quarter. Checchi Capital Advisers LLC now owns 1,550,907 shares of the company’s stock worth $17,991,000 after buying an additional 93,853 shares in the last quarter. MainStreet Investment Advisors LLC acquired a new stake in Invesco Preferred ETF during the 2nd quarter worth approximately $228,000. Finally, Balanced Wealth Group LLC boosted its position in Invesco Preferred ETF by 141.1% in the 2nd quarter. Balanced Wealth Group LLC now owns 31,961 shares of the company’s stock valued at $362,000 after buying an additional 18,704 shares during the period. 8.60% of the stock is owned by institutional investors and hedge funds.

Invesco Preferred ETF Stock Performance

NYSEARCA:PGX opened at $11.25 on Thursday. The company has a fifty day simple moving average of $11.38 and a two-hundred day simple moving average of $11.44. Invesco Preferred ETF has a 52 week low of $10.70 and a 52 week high of $11.92.

Invesco Preferred ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were issued a $0.0543 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 5.8%.

About Invesco Preferred ETF

The PowerShares Preferred Portfolio (Fund) is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The Fund normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to replicate the total return of a diversified group of investment-grade preferred securities. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.